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Friday, September 22, 2017

Financial awareness - planning helps


Win Rs. 500 BookMyShow Cash - Fortnightly.. now you can participate till 9 am on 3rd october!!

Rs. 250 PayTM Cash for participants who participate 5 quiz consecutively and given right answers, and not won the fortnightly prize. Entry for the quiz closes on 30th Sep, winner will be announced by 3rd October

About the quiz - (You need to do all 4 steps correctly to be eligible for the prize)

To participate, you need to do the following - 

1. Follow the blog mymoneystreets
2. Like this on Twitter page , tag two friends and retweet (LINK) use #IamFinanciallyAware #mymoneystreets 
3. Post the answers in comments section in the post
4. Only one entry from one participant

The winner will be chosen with a lottery from all the correct answers, and contacted.

(Only Indian participants)

***************************************************************************
Quiz : 

1. Which of the following investment does not comes under 80c purview?

a) Tuition fees  b) Premium for life insurance policy c)interest repayment for housing loan d) principal repayment towards housing loan

2. The returns earned from equity mutual funds are tax free if the investment held for minimum of - 
a) 6 Months b) 1 year c) 2 year d) 3 years

3. What is contingency fund - 
a) Money kept aside for travel and movies
b) Fund for Tuition fees
c) Money kept aside for emergency situations like accident/ sudden illness/ job loss
d) None of the above

4. You should start saving money - 
a) As soon as you start earning
b) After marriage
c) When you need a downpayment of some loan
d) When your child grow up

5) SIP (Systematic Investment plan) in equity mutual fund helps in - 
a) Investing in discipline manner
b) Help fighting market volatility
c) Create wealth over long term
d) All of the above

6) What is a pure life insurance?
a) Term plan
b) Savings plan
c) Guaranteed plan
d) ULIP Plan

** End**

NPCI the enabler of India's dream of less cash society


Tuesday, September 19, 2017

NPCI the enabler of India's dream of less cash society


True partner of the "transformational growth" Indian economy undergoing, NPCI conceived and launched series of products and services to ease the cash situation in India especially during the time of demonetization. Indian citizens and merchants, a special focus to the general public and small merchants were greatly benefitted by the initiative.
#NPCI #UPI #BHIM #IMPS


NCPI,  the umbrella organization was created to address the need of payments system of India jointly by Reserve Bank of India (RBI) and Indian Banks’ Association (IBA) is a not-for-profit organisation. Over last five years, the organization has worked relentlessly to come out with world-class products and services to match the needs of the hour.


In this post, I would like to talk about the products and services on payments especially designed for common man, and their phenomenal features we are not much aware about the products. Though the NPCI initiatives have benefitted both individual and merchants, this blog aims to reach out to common man, and going with the tradition I would focus on the initiative taken for the general public

#NPCI #UPI #BHIM #IMPS
UPI - Unified Payments Interface (UPI), pilot launch with 21 member banks was first launched in April 2016. It first allowed Indians to do “Peer to peer” transactions. Available to smartphone users, this app was the first to merge multi banks functions under one App.
Benefits for end Customers are round the clock availability, single application for accessing different bank accounts, Use of Virtual ID is more secure, no credential sharing, Single click authentication, raising complaint from Mobile App directly.

BHIMLaunched on 30th December 2016, this UPI app was designed for both smartphones and feature phones. The Adhaar based app launched *99# service for wide base of feature phone users in semi-urban and rural India proves to be a true partner of the financial inclusion drive. App available on play store and i-tunes, the main objective is to get every Indian onboard to the digital payments system.  

User just needs to link his/her BHIM App to the bank accounts and use host of featues which was previously available to net banking customers. The features actually helped converge many functions into one The features includes – Send/ Receive money, Scan and pay, and do transactions.
With creation of Virtual payments address, users can safely transact without divulging accounts details, it also made the experience much smoother compared to the other existing transfer process. It made the transactions instant.
#NPCI #UPI #BHIM #IMPS
IMPS – Fastest online banking transaction, IMPS first launched on pilot basis in the year 2010. It is a fee based service compared to percentage based remittance services.


Rupay – RuPay was introduced as linear extension of all other products available in the payments system. Having a long run by VISA and MasterCard, RuPay is our own Indian Payments  card. Available in credit, debit and Pre-paid category it is an complete offering of plastic money. Competitive pricing and global partnership with Discovery, makes it an emerging leader in the category

According to news reports, the digital transactions have grown exponentially over last decade. The introduction of these innovative products and services empowered the common man of India. No more standing in banking queues and sending cheques. The digitization also likely to help a lot on documentation, keeping a prudent check on money laundering and terror financing.  


Wednesday, September 13, 2017

ICICI Lombard IPO - Details and review

About the company -
Image result for icici lombard ipo proceeds of the issue








ICICI Lombard IPO - Maiden IPO by Non-life Insurer

#ICICI Lombard is the largest private-sector non-life insurer in India based on gross direct premium income in fiscal 2017,  being one of the first few private-sector companies to commence operations in the sector in fiscal 2002, according to the CRISIL Report. They have well-diversified range of products, including motor, health, crop/weather, fire, personal accident, marine, engineering and liability insurance, through multiple distribution channels. They were founded as a joint venture between ICICI Bank Limited, India’s largest private-sector bank and Fairfax Financial Holdings Limited, a Canadian based holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management with US$43.38 billion of total assets at December 31, 2016.


In fiscal 2017, 87.5% of their new policies were initiated electronically, either by our distributors or  customers. No. of policies grew at a CAGR of 13.1% between fiscal 2015 – 2017. Their per employee productivity, measured in terms of gross direct premium income per employee, increased from Rs. 114 lakh in 2015 to Rs. 166 lakh in 2017, representing a cumulative annual growth rate of 20.7%.

It enjoys a diverse customer profile base including large and mid-sized corporates, MSME, central and state governments, and individuals. In fiscal 2017, our retail (including SME), corporate and government business groups contributed 60.4%, 17.5% and 22.1% of our GDPI, respectively. For the three months ended June 30, 2017, our retail (including SME), corporate and government business groups contributed 54.3%, 23.2% and 22.5% of our GDPI, respectively.

Financial Performance
In Rs. Crore               
Financial
FY 17
FY 16
FY 15
FY 14
FY 13
Total Assets
48,885.8
35,445.0
32,414.2
25,070.8
20,290.5
Revenue
7180.49
5804.25
5044.81
5028.41
4487.39
Profit
667.01
481.96
558.40
412.82
302.65
%NPA
9.2%
8.2%
10.1%
8.11%
6.7%

Industry Overview
The Indian non-life insurance sector offers different products such as motor, health, crop, fire, marine, liability, travel, aviation and home insurance aimed at meeting different protection needs of retail customers, government as well as corporate customers.
According to CRISIL Report, The size of the Indian non-life insurance sector was Rs. 1.28 trillion on a GDPI basis as of 31st March 2017. Indian non-life insurance sector GDPI grew at a CAGR of 17.4% between fiscal 2001 and fiscal 2017. According to Swiss Re, India was fifteenth largest market in the world and the fourth largest market in Asia in 2016, behind China, Japan and South Korea. India was also amongst the fastest growing non-life insurance markets over 2011-2016, growing at 14.5% (as per Swiss Re). Despite its size and growth profile, India continues to be an underpenetrated market with a non-life insurance penetration of 0.77% in 2016, as compared to 1.81% in China, 1.70% in Thailand, 1.67% in Singapore and 1.62% in Malaysia and a global average of 2.81% in 2016. At US$13.2 in 2016, insurance density also remains significantly lower as compared to other developed and emerging market economies.
ICICI lOMBARD ALLOTMENT, lOMBARD ALLOTMENT STATUS, ICICI Lombard IPO
Multi-Product Insurers:
Four public sector companies offering multiple products – National Insurance Company Limited (“National Insurance”), The New India Assurance Company Limited (“New India”), The Oriental Insurance Company Limited (“Oriental Insurance”) and United India Insurance Company Limited (“United India”)
o 18 private sector companies offering multiple products – including ICICI Lombard General Insurance Company Limited (“ICICI Lombard”), Bajaj Allianz General Insurance Company Limited (“Bajaj Allianz”), HDFC ERGO General Insurance Company Limited (“HDFC Ergo”), IFFCO Tokio General Insurance Company (“IFFCO Tokio”) and TATA AIG General Insurance Company (“Tata AIG”). There are also single product insurers.
Besides these 30 companies, the state owned General Insurance Corporation of India (“GIC”) operates as the main Indian reinsurer.

About the Issue 

With the IPO, ICICI Lombard likely to mobilise upto Rs. 5700 crore, offering 8.62 crore equity shares in a price band of Rs. 651 to Rs. 661.

IPO Opening and closing date – Sep 15 – Sep 19, 2017

Face value -  Rs. 10

Lot size – 22

Allotment portion
Percentage
QIB
Upto 47%
NII
14% and above
Reserved for ICICI Bank shareholders
4%
Retail
33% and above
Shareholding pattern of promoters post IPO







IPO Proceeds to be used in – #ICICI Lombard is the non-life Insurance company to offer IPO. Promoters to dilute 19% in ICICI Lombard's Rs 5,700-cr IPO. IPO proceeds are not going to the insurers. It is a pure stake sale by the promoters

Mymoneystreets Take on the IPO

The company’s has registered revenue growth of 25% over last five years. Its profits have grown at a CAGR of 65% over last five years. On the upper price band of Rs 661 for FY17, its PE is at 46 times. IPO proceeds are not going to the insurers. It is a pure stake sale by the promoters. The pricing of IPO looks high.
The brand is promising, however, there are no competitor listed on the bourse. Highly under-penetrated sector likely to see a robust growth over long term. Subscribe this IPO only if you have a long term view.

ICICI lOMBARD ALLOTMENT, lOMBARD ALLOTMENT STATUS, ICICI Lombard IPO

Tuesday, September 12, 2017

Capacite Infraprojects IPO - Details and review

About Capacite Infraprojects

About the company 

Founded in 2012, #Capacite Infraprojects is a fast growing construction company focussed on Residential, Commercial and Institutional buildings, with growth in consolidated revenue from operations from Rs. 2,142.59 million for Fiscal 2014 to Rs. 11,570.40 million for Fiscal 2017, and an Order Book of Rs. 46,024.76 million as at May 31, 2017 comprising  56 ongoing projects. They provide end-to-end construction services for residential buildings (“Residential”), multi-level car parks, corporate office buildings and buildings for commercial purposes (collectively, “Commercial”) and buildings for educational, hospitality and healthcare purposes (“Institutional”). Their projects include constructing concrete building structures as well as composite steel structures. They also provide mechanical, electrical and plumbing (“MEP”) and finishing works.
Company has a order book of Rs. 4600 crore+. The company has bagged worth over Rs. 1500 crore post demotisation.  Company has a reputation of bagging repeat orders from existing clientele, latest being order worth more than Rs. 300 crore from radius developer. The company has 56 ongoing projects. The company grew 75% on revenue CAGR. The company has about 1700 employees and 18000 labour workforce. The company owns construction equipments required for the all stage of the project, hence it has advantage of timely access and also tax benefits on depreciation. The management believes in using latest, viable and suitable technologies for all its project making it a competitive player.

About Promoters - With significant experience in the construction industry, the management is visionary. Promoters has been hands on in the business and driving the growth story. It has significantly experienced board of directors in the sector, ensuring securing projects from big clients and strengthening its position in the field, gives them an edge over competitors.

Clientele - Some of our clients include Kalpataru, Oberoi Constructions Limited, The Wadhwa Group, Saifee Burhani Upliftment Trust, Lodha Group, Rustomjee, Godrej Properties Limited, Brigade Enterprises Limited and Prestige Estates Projects Limited.

Key Financials IN CRORES
Financial Year
Fy 17
Fy 16
Fy 15
Fy 14
Revenue
1165.96
860.246
562.580
216.582
PAT
69.66
48.84
32.04
4.11
Profit margin
5.9%
5.6%
5.6%
1.8%

About the IPO
Capacite is issuing fresh issue of 1.6 crore shares in the IPO. Rs 400 crore to be raised in the issue on its upper price band.  At the price band of 245-250, the stock is available at 23.9-24.4 times of FY17 earnings.


Price Band – 245-250 Rs.
Lot size – 60
Issue open and closing date – 13th Sep – 15th Sep 2017
Finalisation of Basis of Allotment - September 21, 2017
Initiation of refunds - On or about September 22, 2017
Credit of Equity Shares - On or about September 22, 2017
Commencement of trading - On or about September 25, 2017

Bankers to this issue are - 
1. Axis Capital Limited  
2. IIFL Holdings Limited 
3. Vivro Financial Services Private Limited  
IPO Proceeds to be used in 
Funding Working Capital Requirements - 250 Crore
Funding Purchase of Capital Assets - 51.95 crore
AND General Corporate Purposes

Capacite Infra Allocation structure
the Issue is being made through the Book Building Process, in reliance on Regulation 26(1) of the ICDR Regulations, wherein not more than 50% of the Issue shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIB Portion”).Further, not less than 15% of the Issue shall be available for allocation on a proportionate basis to Non-Institutional Investors and not less than 35% of the Issue shall be available for allocation to Retail Individual Investors

Risks to the business
Capacite will have risk of avalibility of large number of contract labours, with help of local contractors and sub-contractor. Issue on this could lead to project completion delays. They may be subject to liability claims or claims for damages or termination of contracts with their clients for failure to meet project milestones or defective work, which may adversely impact their profitability, cash flows, results of operations and reputation. Risks relating to reliance on sub-contractors and third parties for supply of raw materials, non-Core Assets and for providing certain services in the construction of their projects that may adversely affect Capacite reputation, business and financial condition. They are required to obtain approvals for our operations and any failure to obtain licenses and approvals by us could adversely affect our business,

Moneystreets Take on #Capacite Infra IPO

At the upper price band company is quoting a price of 24 PE. The company has kept its focus only on construction, it has registred consistent growth in last 4 years. Man Industries, a close competitor is trading at 16 PE. The IPO is fully priced. However, looking at the clientele and growth numbers, the IPO is attractive. Capacite Infra can be looked at for medium to long term story given government’s focus on housing for all project. No promoter or investors are liquidating their stakes with the IPO, which indicates their strong commitment towards the business and reflects significant growth potential
#Capacite Infra, #Capacite Infra ipo, #Capacite Infra a capacite Infra IPO Allotment, Capacite IPO allotment, llotment

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